HOF TER STEENE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HOF TER STEENE
Largest movements
- Tangible fixed assets +€245,672
up €245,672 (+28.3%), from €867,105 to €1.1m
of which Land and buildings: +€246,926
- Receivables within one year -€56,241
down €56,241 (-8.7%), from €647,909 to €591,667
of which Other amounts receivable: -€114,654
- Other debts +€365,565
up €365,565 (+18.1%), from €2.0m to €2.4m
- Reserves -€145,713
down €145,713 (-81.1%), from €179,585 to €33,871
of which Tax-exempt reserves: -€145,713
- Provisions -€59,445
down €59,445 (-72.4%), from €82,099 to €22,654
of which Deferred taxes: -€59,445
- Gross operating margin +€96,430
up €96,430 (+149%), from €64,596 to €161,026
- Financial charges +€64,416
up €64,416 (+126%), from €51,195 to €115,611
- Depreciation +€19,249
up €19,249 (+157%), from €12,270 to €31,518
- Taxes +€6,227
up €6,227, from €0 to €6,227
- Other operating charges -€3,478
down €3,478 (-57.4%), from €6,058 to €2,580
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,604,623 | €2,757,057 | +€152,434 | +5.9% |
| Fixed assets | 21/28 | €1,167,106 | €1,412,778 | +€245,672 | +21.0% |
| Tangible fixed assets | 22/27 | €867,105 | €1,112,777 | +€245,672 | +28.3% |
| Land and buildings | 22 | €862,607 | €1,109,533 | +€246,926 | +28.6% |
| Plant, machinery and equipment | 23 | €1,363 | €755 | -€608 | -44.6% |
| Furniture and vehicles | 24 | €3,136 | €2,489 | -€647 | -20.6% |
| Financial fixed assets | 28 | €300,001 | €300,001 | = | 0.0% |
| Current assets | 29/58 | €1,437,517 | €1,344,279 | -€93,238 | -6.5% |
| Amounts receivable within one year | 40/41 | €647,909 | €591,667 | -€56,241 | -8.7% |
| Trade receivables | 40 | €17,391 | €75,804 | +€58,413 | +336% |
| Other amounts receivable | 41 | €630,517 | €515,863 | -€114,654 | -18.2% |
| Current investments | 50/53 | €751,536 | €726,316 | -€25,220 | -3.4% |
| Cash at bank and in hand | 54/58 | €32,318 | €22,286 | -€10,031 | -31.0% |
| Deferred charges and accrued income | 490/1 | €5,755 | €4,010 | -€1,745 | -30.3% |
| Total equity and liabilities | 10/49 | €2,604,623 | €2,757,057 | +€152,434 | +5.9% |
| Equity | 10/15 | €274,164 | €128,576 | -€145,588 | -53.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €179,585 | €33,871 | -€145,713 | -81.1% |
| Non-distributable reserves | 130/1 | €18,344 | €18,344 | = | 0.0% |
| Legal reserve | 130 | €18,344 | €18,344 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,241 | €15,527 | -€145,713 | -90.4% |
| Profit (loss) carried forward | 14 | €33,079 | €33,205 | +€126 | +0.4% |
| Provisions and deferred taxes | 16 | €82,099 | €22,654 | -€59,445 | -72.4% |
| Provisions for liabilities and charges | 160/5 | €17,560 | €17,560 | = | 0.0% |
| Pensions and similar obligations | 160 | €17,560 | €17,560 | = | 0.0% |
| Deferred taxes | 168 | €64,539 | €5,094 | -€59,445 | -92.1% |
| Amounts payable | 17/49 | €2,248,360 | €2,605,827 | +€357,467 | +15.9% |
| Amounts payable after more than one year | 17 | €198,500 | €198,500 | = | 0.0% |
| Financial debts | 170/4 | €198,500 | €198,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,048,900 | €2,406,329 | +€357,429 | +17.4% |
| Trade debts | 44 | €28,389 | €6,815 | -€21,574 | -76.0% |
| Suppliers | 440/4 | €28,389 | €6,815 | -€21,574 | -76.0% |
| Taxes, remuneration and social security | 45 | €3,386 | €16,823 | +€13,437 | +397% |
| Taxes | 450/3 | €3,386 | €16,823 | +€13,437 | +397% |
| Other amounts payable | 47/48 | €2,017,125 | €2,382,690 | +€365,565 | +18.1% |
| Accrued charges and deferred income | 492/3 | €960 | €998 | +€38 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,270 | €31,518 | +€19,249 | +157% |
| Other operating charges | 640/8 | €6,058 | €2,580 | -€3,478 | -57.4% |
| Non-recurring operating charges | 66A | €302,156 | €0 | -€302,156 | -100% |
| Gross operating margin | 9900 | €64,596 | €161,026 | +€96,430 | +149% |
| Operating profit (loss) | 9901 | -€255,887 | €126,928 | +€382,815 | |
| Financial income | 75/76B | €54,768 | €53,877 | -€891 | -1.6% |
| Recurring financial income | 75 | €54,768 | €53,877 | -€891 | -1.6% |
| Financial charges | 65/66B | €51,195 | €115,611 | +€64,416 | +126% |
| Recurring financial charges | 65 | €51,195 | €115,611 | +€64,416 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€252,315 | €65,194 | +€317,509 | |
| Transfer from deferred taxes | 780 | €1,949 | €59,445 | +€57,496 | +2,950% |
| Income taxes | 67/77 | €0 | €6,227 | +€6,227 | |
| Profit (loss) for the period | 9904 | -€250,365 | €118,412 | +€368,778 | |
| Transfer from tax-exempt reserves | 789 | €4,776 | €145,713 | +€140,937 | +2,951% |
| Profit (loss) for the period to be appropriated | 9905 | -€245,589 | €264,126 | +€509,715 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.